best way is to keep in your sight and close, even when well locked
when not possible, lock well (ulock and cable at a minimum) and be gone as little time as possible
know the neighborhood....some places you just should not leave bike un attended
remember organized bike thieves will also cut a frame and then part out....
good reason for an N+1 bike that is ugly or you would not miss for things like pub runs and use the good bike for the trails (N+1 is a good thing)
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Life is too short not to ride the best bike you have, as much as you can.